Snap Inc is a technology and social media company that primarily focuses on visual communication and storytelling through its flagship platform, Snapchat. The app allows users to send photos and videos, known as "Snaps," that can be enhanced with filters, lenses, and various creative tools. In addition to personal interactions, Snap Inc offers features such as Stories, Discover channels, and augmented reality experiences, which engage users and advertisers alike. The company is dedicated to innovating in the realms of augmented reality and multimedia messaging, fostering a platform that prioritizes privacy and ephemeral content sharing. Through these services, Snap Inc aims to create a vibrant community and offer unique advertising solutions for brands looking to connect with a youthful, tech-savvy audience. Read More
Shares of social network Snapchat (NYSE: SNAP)
jumped 8.1% in the afternoon session after the major indices rebounded, with stocks recouping some more of the post-tariff losses as the Bureau of Labor Statistics data revealed a resilient labor market with non-farm payrolls rising by 177,000 in April 2025, significantly above the consensus forecast of 133,000.
Shares of social network Snapchat (NYSE: SNAP)
fell 17.6% in the morning session after the company reported mixed first-quarter 2025 results: its revenue narrowly outperformed Wall Street's estimates, and its free cash flow missed. The key concern was the lack of near-term guidance, with the company citing macro uncertainty. On a more positive note, Snap blew past analysts' EPS and EBITDA expectations. Overall, we think this was a decent quarter, with some key metrics above Wall Street's expectations. The market seemed to focus on the negatives.
Shares of Pinterest edged lower by 5.9% Wednesday morning. Snap's earnings report triggered broader concerns about digital advertising trends affecting social media companies.
Let's have a look at what is happening on the US markets before the opening bell on Wednesday. Below you can find the top gainers and losers in today's pre-market session.
Snapchat's AI chatbot My AI—once met with user backlash—has seen U.S. daily active users grow 55% year-over-year, as Snap doubles down on integrating AI with augmented reality.
CEO Evan Spiegel noted progress with direct-response advertising solutions, continued momentum in driving performance for small and medium sized businesses and growth of Snapchat+ subscription business.
Social network Snapchat (NYSE: SNAP) announced better-than-expected revenue in Q1 CY2025, with sales up 14.1% year on year to $1.36 billion. Its GAAP loss of $0.08 per share was 40.3% above analysts’ consensus estimates.
